Kermode Exploration Ltd.

February 26, 2010 17:48 ET

Kermode Exploration Refiles Q3 2009 MD&A and Certificates

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2010) - Kermode Exploration Ltd. ("Kermode" or the "Company") announced today that it has re-filed its Management Discussion and Analysis (the "MD&A") and the certificates (the "Certificates") of the CEO and CFO for the interim filing for the period end September 30, 2009. This action has been taken at the request of the Ontario Securities Commission (OSC) and in accordance with National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings. The MD&A has been refiled with additional disclosure relating to liquidity and capital resources, related party transactions and international financial reporting standards. Specifically, the Company provided disclosure regarding the funding of the Company's working capital deficiency through short term loans and further disclosure of the related parties that provided some of the funding. In addition, the Company has identified that it does not currently have a changeover plan to implement the conversion to international financial reporting standards pending reactivation of the Company.

The amended MD&A and Certificates are available at www.sedar.com.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Contact Information

  • Kermode Exploration Ltd.
    John Devine
    President and C.E.O.
    (416) 491-3790